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Informist, Tuesday, Oct. 1, 2024

 

MUMBAI – Angel One Ltd. has revised the equity brokerage charges for cash market trades on its platform with effect from Nov. 1. Angel One said it will charge a brokerage fee of the lower of INR 20 or 0.1% per executed order, subject to a minimum of INR 2. Currently, the brokerage charges INR 20 or 0.03% per executed order, whichever is lower. Angel One currently charges INR 20 per executed order of equity futures and options and the fee will continue as it is.

 

Meanwhile, Zerodha Broking Ltd. said it was not making any changes to brokerage on cash market trades and the equity delivery will continue to be free as of now. Both the brokerages said the revised transaction fees of the National Stock Exchange of India Ltd. and the BSE Ltd. that take effect from Tuesday, will also apply to equity derivatives trades.

 

Zerodha Broking said the transaction charge on options has been reduced to 0.035% of premium value from 0.0495%, while that on futures has come down to 0.00173% of traded value from 0.00183%. Angel One said the transaction charge for NSE equity options will come down to 0.03503% of premium value from 0.0495%, while that on NSE equity futures will reduce to 0.00173% of traded value from 0.00188%. For trades on BSE's equity derivatives segment, Angel One's transaction charge on Sensex and Bankex stands reduced to 0.0325% from 0.0495% while that on Sensex and stock options is now 0.005%, down from 0.0495%.

 

Further, clients will have to pay the revised securities transaction tax. The government announced a hike in securities transaction tax in the Budget for 2024-25 (Apr-Mar) with effect from Oct. 1. The securities transaction tax on the sale of options is now 0.1% of the premium, up from 0.0625?rlier and for futures, it is now 0.02%, up from 0.0125%. There is no change in securities transaction tax of 0.1% on cash market purchases and sales.  End

 

Reported by Rajesh Gajra

Edited by Saji George Titus

 

 

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